Crowd-lending portfolio review for November 2018

Website changes

Christmas is nearly there and I still didn’t publish my portfolio’s review for November ! I’m afraid Santa will consider I’ve been real, real naughty. So, in order to try and appease him, here it is !

I also finally took the time to complete and publish Iuvo’s review. While I appreciated the platform, the fact that the buyback guarantee doesn’t cover interests makes investing there a bit of a gamble, as returns are less predictable than usual.

I also wrote a review of the somehow controversial FastInvest. Why controversial ? Well, they got a lot of bad press in the past, and one can find some very negative feedbacks in the comments section of the platform’s other reviews. However, as there hasn’t been any recent report of alleged misconduct by the company, I finally decided to jump in and give it a try. Quite frankly, I appreciated the platform; the returns are great and it’s very user-friendly. As a result, I’ll probably slowly increase my portfolio’s size there, unless I see any red flag.

Finally, although not much has changed visually on Alternative investments, there have been many behind-the-scene changes in order to speed up the website on mobile devices.

Noteworthy changes in the crowdlending world

In case you missed them, here’s a summary of the important news you should be aware of.

Robocash

Robocash has announced that they would decrease the interest rate for all Euro loans; it is now 12% instead of 14%. Needless to say that this is bad news for investors; it probably makes Swaper a better alternative as their platform is much more user-friendly. I updated both reviews in order to reflect this.

Grupeer

I know many investors were deceived by the cash drag in the past month at Grupeer. Well, it seems to be well over now, as a very large loan is available for the Promenada project; like most previous loans, it yields 14%.

Individual platforms performance

November proved once again that one big advantage of crowdlending over stock echange is the returns’ regularity.

Omaraha

Omaraha‘s returns were slightly up, at 19.79% versus last month’s 19.67%. I’m really impressed by how the returns stay high, in spite of this portfolio’s age ! I again withdrew some money in order to decrease the Omaraha’s weight in my loans portfolio, as I want to achieve a more balanced portfolio.

Bondora

November was anoth disastrous month for my Bondora portfolio, which actually lost some of its value because of the defaulted loans. The XIRR now stands at a terrible 9.35%, versus 9.8% last month. For now I keep on re-investing whatever small interest and principal is paid back.

Grupeer

XIRR for my Grupeer portfolio increased slightly. It now stands at 14.61%, compared to 14.53% in October. In spite of how much I love Grupeer, I won’t grow this portfolio anymore as I reached my target allocation – around 20% of my overall portfolio -.

Mintos

In spite of the rates drop last summer, Mintos‘s returns are still holding up; they’re really stable, at 13.16% versus 13.12% in October.

Swaper

The performance of my portfolio at Swaper also didn’t change much; the XIRR was 12.04%, very close to last month’s 12.08%

Robocash

Robocash‘s XIRR was down in November, at 12.21% compared to October’s 12.42%. Once again, this is partly explained by the presence of instalment loans, where interests are reimbursed at the same time at the capital

DoFinance

Now that I had to switch to DoFinance‘s new offer which has lower interest rates, my XIRR is negatively impacted. It was 11.62% in November, while previous month’s value was 11.81%.

Investly

Investly is once again the worst-performing platorm in my portfolio; I take some consolation from the fact that November’s XIRR didn’t decrease, as it was 8.03% versus 8.02%.

Crowdestor

As my portfolio grows slightly older, the returns for my Crowdestor portfolio reflect the reality more accurately. XIRR is up from 15.19% to a nice 15.90%; I also slightly increased the size of this portfolio in order to invest in the most recent opportunities.

Envestio

Envestio‘s returns also improved, as they suffered the same bias as Crowdestor’s. The 15.71% XIRR is a great result, up from 14.43%. I increased my portfolio’s size rather agressively as the platform published many new projects.

FinBee

Although I never wrote a review for FinBee, the returns for this portfolio are rather correct; the XIRR was 12.12% in November, down from 12.28% previously. Let’s say that publishing the review is on my TODO list for 2019 🙂

Iuvo

Although my returns for Iuvo have to be taken with a pinch of salt due to the fact that it’s a very recent portfolio, the current XIRR stands at a very nice 13.16%, up from 12.83%.

Other companies

One more I’m unable to compute a realistic XIRR for BulkEstate and CrowdEstate. Projects completed on both platforms, allowing me to get a large chunk of accumulated interests; however, the resulting XIRR is still much lower than it will be in the long-run. So, once more, I’m postponing publishing returns for these two platforms.

Also, I’ll wait one more month before publishing my EstateGuru‘s returns.

Global portfolio performance

This value is the average of the XIRR for each company, weighted by its amount. Its value for November is exactly the same as last month, although individual platforms’ returns have of course changed; it stands at 15.61% again.

XIRR evolution

All displayed returns were computed using the method outlined in this article. The best performers have changed slightly now that my returns for Crowdestor and Envestio are more consistent; the best returns are achieved by Omaraha (19.79%), followed by Envestio and Crowdestor (15.7%) with Grupeer being fourth (14.61%).

Current allocation

My portfolio is getting more and more balanced each month, with Omaraha’s share decreasing while the size of my Envestio, Crowdestor CrowdEstate and BulkEstate portfolios increase at different speeds.

New platforms

I started a small portfolio at ReInvest24; this platform has a different concept, as it allows to make money from real-estate rentals instead of lending money. I’ve been considering opening an account for some time, but many things were unclear. Now that they’ve greatly expanded their documentation, it’s much easier to understand how it works.

I’m also investigating Debitum Network. Their returns seem to be rather low (around 10% for loans with a buyback guarantee), but there are a few large loans available (€40 000). I’ll probably fund an account in January and see how things go from there !

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